European Stars and Stripes (Newspaper) - March 10, 1992, Darmstadt, Hesse                                Tuesday March 10, 1992 the stars and stripes b Page 17money matters new York state which has already lost about a half million jobs since the National recession began in 1990, will lose another 100,000 jobs by the end of the year a study says. The report from the state Assembly ways and Means committee in Albany reflects the pessimistic attitude shared by other economic analysts. The business Council of new York state recently reported that More than 40 percent of the nations Job losses last year came in the state. The . Labor department reported Friday that unemployment for the state had risen to 8.9 percent in february up from Jan a Aiyu a 8.4 percent. New York City a unemployment rate Rose to 10.9 percent the highest february level m 16  rates London up mondays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $349.00 an ounce Silver at $4.15. March 6 March 9 British Pound.1.71395 1.72185 German mark.1.6730 1.6630 French franc.5.6620 5.6637 dutch guilder.1.8755 1.8705 belgian franc.34.35 34.20 italian lira.1,249.45 1,249.90 Swiss franc.1.5205 1.5075 greek drachma.192.63 191.90 turkish lira.5,977.80 6,007.80 saudi arabian riyal.3.7501 3.7501 Spanish peseta.105.14 105.02 portuguese escudo.143.69 105.02 Canadian dollar.1.1865 1.1919 austrian schilling.11.7600 11.7325 norwegian krone.6.547 6.517 danish krone.6.474 6.445 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates concerns the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.63 Marks to a Dollar and $1.77 for a Pound through tuesday based on mondays noontime  Oil cutback fails to meet target Nicosia Cyprus a the Oil output of open countries fell by Only 185,000 barrels a Day last month and the countries will have to Cut much More to meet the cartels target the Middle East economic Survey reported monday. The Oil weekly published in Nicosia noted that saudi Arabia and Abu Dahabi took Steps to reduce production to their allocated quotas. Signs have emerged that cutbacks May be forthcoming from previously recalcitrant Iran and Nigeria although some Market circles remain highly septic Al of the reports the economic Survey said. The newsletter estimated the Overall output of the organization of Petroleum exporting countries at 24.29 million barrels a Day in february Down from 24.475 million in january. It said lower production from saudi Arabia the saudi kuwaiti divided zone and the United Arab emirates was partially offset by higher output in Kuwait and Iraq. The cartels Oil ministers meeting in Geneva in mid february set an Overall ceiling of around 23.1 million barrels a Day. Book helps you stay sane when your Boss is bonkers by Judie Glave the associated press new York a nearly everyone has had one most have probably had More. We re talking about crazy Bosses the Captain Queens of the boardroom executives that employees feel compelled to hate. Although the topic is usually confined to water cooler conferences or barroom babble author Stanley Bing has culled a Semi humorous Book on the subject after gathering four years Worth of workplace horrors such As a the bully who secretly gives the same project to three different associates because a a Little brain matter on the Wall never Hurt anyone. N a the paranoid who goes bonkers when his. Perfectly perched paper clip topples. Bing said his Book crazy Bosses spotting them serving them surviving them published by William Morrow amp co., is a guide for people on both sides of the office Coffeepot. It shows employees How Bosses abuse their authority and with Hope can help Bosses understand How to manage people better he said. Bing a pen name the author uses a to protect me from my superiors and my superiors from me a writes a monthly column in Esquire Magazine on workplace issues. He is an executive for a a Large multinational conglomerate and a frequent contributor to the Wall Street journal under his real name a which he prefers not to divulge. Bing wrote the Book after being bombarded with tales from the work front every time he interviewed someone for his column. Over four years he interviewed nearly 200 employees from Busi Nesses Large and Small. Bing said underneath the books dark humor is a stinging criticism of the Way american business manages itself. There Are he said five Breeds of crazy Bosses a the bully. Such As former White House chief of staff John Sununu a whose ego and sense of self was so huge that when the president told him to Stop using government transportation for private purposes he ignored  others former new York Yankees owner Ous Titan atop the wimp  the key wimp trait is delegating tasks and forming committees. A the disaster Hunter. This is what All the above Bosses eventually become. It is said Bing a the inevitable outcome of being  a eventually the crazy Boss will explode implode whatever. They will melt Down much like the wicked Witch in the wizard of of Quot he said. The prevalence of crazy Bosses comes from the fact that a the american work eventually the crazy Boss will explode implode whatever. They will melt Down much like the wicked Witch in the wizard of of a author Stanley Bing George Steinbrenner and self styled Queen of the Hemsley hotel Chain Leona Helmsley. A the paranoid. A Richard Nixon is an example of a paranoid in full Flower with his enemies list and his taping of people in his  key traits perfectionism and attention to useless detail. Others former Fri director j. Edgar Hoover and billionaire Howard Hughes. A the narcissist. A the big puffed up billionaires of the 80s�?� whose corporate raiding tactics and a big ideas Are still reverberating in boardrooms today. Examples include former airline executive Frank Lorenzo Donald Trump and All the Boesky Milken Levine types As Well As the late publishing executive Robert Maxwell. A the wimp. No question said Bing a Ronald Reagan stands like a hmong place is itself insane a Bing said in both its attitude and Structure. A organizational sanity has a lot to do with conformity a he said a so if a Lunatic a a person totally unsuited to managing other people a is getting their Job done and they have a Nice suit they re usually judged  but As they gain Power their eccentricities Blossom their craziness goes up and their effectiveness goes Down. At that Point Bing said a some senior officer will generally say a gosh Charlies  but up until then it was a Isnit Charlie  a the key to coping and outliving crazy Bosses he said is to find out what pushes their buttons great to use on the paranoid what pleases them for handling the narcissist and the Art of disappearing a must for the bully a underlings. Is eur Sumn. Uver your years no liner a me wimp no quest us Saiu org me narcissist Anu me Art i u viewed nearly 200 employees from Busi a Ronald Reagan stands like a hmong ing a must for the bully a under London getting a run for its Mon London apr a London once a York and Tokyo on a global level and in changes sea International capital for global business is increasingly Competition with Paris and Frankfurt on which european stocks Are t food Headquarters from London to next month. Other corporate giants arts London apr a London once a capital for global business is increasingly being bypassed As a crowded expensive polluted City on the fringes of Europe a emerging single Market. Gramet holdings corp., the British food conglomerate that owns Pillsbury and Burger King will move its european a up it Quaker Oats co. And itt Sheraton corp., for two a have also sidestepped London to set up shop on the continent. A with the formation of the european Community american firms Are starting to look at the whole idea of being More Central a said Lynn Weitzke european manager of Nutrasweet. The company a subsidiary of St. Louis based Monsanto co., recently moved its european operations from Deerfield 111., to Paris. The 12-nation european Community becomes a single Market on Jan. 1, 1993. That Means the countries will phase out tariffs and other controls on goods and services that pass Between their Borders. The aim is to give the Region and its com Anies More economic Power in the High a competitive global marketplace. Competition to be Europe a Paramount City is fierce with several cities vying to unseat London the largest player. Cities competing to unseat London include Paris Brussels Belgium Berlin and Frankfurt Germany Amsterdam Netherlands Rome and Milan Italy and Madrid Spain. A London is in Competition with new York and Tokyo on a global level and in Competition with Paris and Frankfurt on the european function. London has to exploit what its got a said Peter Hall a geographer at the University of London. Pm aps amps the City still has a lot going for it. The vast metropolitan area 35 Miles across with 6.7 million people is Europe a undisputed financial capital. Its financial District has 526 foreign Banks. London has More american Banks 59, than does new York City. London also has the world s largest currency Exchange Center trading >187 billion a Day while the London Stock Exchange a sea International a on which european stocks Are traded a performs 90 percent of ail Cross Border business in the european Community. London also a world Center for insurance shipping and metals trading has another plus on its Side a solid reputation among business people. Two recent surveys one by the Magazine business traveler and another by real estate consultants Healey amp Baker ranked London As the top Choice for doing business. A we done to see any major threat at the moment a said sir Brian Jenkins lord mayor of London. However some cracks at the seams have appeared. While a report by the accounting firm Coopers Lybrand and Del Oitte affirmed London As a a pre eminent world City a it added that the City a status a is at  the researchers faulted the City for a scruffy expensive and overcrowded transportation system the paucity of affordable housing choking traffic and pollution neglected culture and a Lack of self promotion to the rest of the world. Rental costs a $19 per Square foot in Brussels is. $60 in London a were a major Factor in itt Sheraton  decision to consolidate some of its major International operations in Brussels last july said Roland Ayme a senior vice president for the Boston based hotel Chain. A and also the fact that Brussels is the future capital of Europe a Ayme added